Member Info for hamiltonbro

Not sure why you'd sell below cash levels never mind assigning anything for the prospective BILLION barrels of oil. I'll keep adding. Added a new one to the portfolio in SRO also as it's similar to GBP capped at cash levels and tiny market cap. Nai/DYOR

Since the last bit of news. Surely for an update ?! Nai/DYOR

"To enable the Company to retain enough working capital to be able evaluate available projects, the directors have agreed to forgo their directors' fees or consultancy fees until a project is successfully acquired by the Company. The directors remain fully committed to ensuring such a transaction occurs." https://www.investegate.co.uk/spitfire-oil-limited--sro-/rns/preliminary-results/201712061022445523Y/ Also, this is interesting from the same RNS: Operations The Salmon Gums Lignite Project remains on hold. In September 2017 Spitfire Oil Pty Limited applied for a renewal of the retention licence over the Salmon Gums Tenements for a further five years. New regulations were introduced and became effective from 1 December 2013, requiring inter alia a JORC resource report under the 2012 rules, which has been prepared and submitted to the Western Australia Department of Mines and Petroleum. Whilst the directors believe the application for a new retention licence is fully compliant and are confident that a new retention licence will be granted, to date a new retention licence has yet to be granted. --- So if/when a retention licence is granted it will coincide with a JORC resource being announced ! Nai/DYOR

On here still in SRO ? Nai/DYOR

Think we will see a tick up soon on the bid. Nai/DYOR

Has anyone on here any thoughts on SRO ? Capped at cash levels with no debt they too have a coal to liquid asset in Australia ! Nai/DYOR

Think that's why it bounced during the day and you could sell lots and not buy many. Off topic, anyone any thoughts on SRO if appreciate negative and positive feedback. Been absolute dog for years but could be some game changing news I've put on the thread and it's got 6p per share of cash and no debt and can be bought at 7p. Nai/DYOR

Lots of shares have been hit lower on low volumes and market makers taking the P. News is surely due here any day ! I've been adding to a few positions and bought a new one in SRO (some notes why on that tread). Nai/DYOR

Lots of shares have been hit lower on low volumes and market makers taking the P. News is surely due here any day ! I've been adding to a few positions and bought a new one in SRO (some notes why on that tread). Nai/DYOR

Part 2/2 Please do some research yourselves. Don't just take my word for anything as I'm just a PI and not authorised to give investment advice. SRO are a punt and at £1.5m cap they are very illiquid so can move very fast in both directions. The current spread of 1p is wide and often when you see that MMS are on the defensive and don't have much stock. I've had my eye on them for a while and missed the last spike up to 13p but I'd be looking at much more than 13p if Salmon Gums is ever developed and there is always the potential news on the new assets/acquisition. I prefer to buy shares when nobody else wants them as that is when they tend to be the cheapest. I wouldn't put the house on them and as always with AIM shares there is a chance you'll lose all of your money though so do your own research, then research some more. I've bought 25k at 6.5p. Nai/DYOR

SRO Current sp 6p Current cash A$ 2,671,088m = £1.5m Shares in issue 25m. 6p per share of cash and no debt. Downside limited because of cash protection of 100% of current market cap ? Came to market in 2007 at a difficult time and just before the world markets went into free fall and the oil price collapsed. Listed at 60p with a £25m market cap. Went as high as 110p. Resource when they came to market was 200m barrels of oil equivalent. Resource now is 330-420m barrels of oil equivalent. www.investegate.co.uk/spitfire-oil-limited--sro-/rns/resource-update/200907160700127325V/ Here is the potential game changer: www.hellenicshippingnews.com/japan-accord-to-boost-brown-coal-lng/ SRO Salmon Gums asset is in Western Australia ! SRO have already produced oil from this asset and they could get up to 20,000 barrels of oil per day. www.investegate.co.uk/spitfire-oil-limited--sro-/rns/first-oil-production-from-new/200901120700074018L/ You read that right - 20,000 barrels of oil per day. Spitfire raised funds in July 2007. The Company estimates capital expenditure on the project up to fully operational capacity at around $1.3 billion (in 2008 dollar value). Its projected operational expenditure is $18/bbl of oil produced, with a breakeven oil price (generating a 9% return on capital) of $40/bbl. A$40 = US $31 Current oil price $62 So $31 profit per barrel x 20,000 barrels a day = $620,000 profit a day. X 365 days = $226,300,000 (£164m). You'd have to assume days when it isn't on stream for maintenance etc but even a conservative figure is eye watering compared to the current market cap. SRO have lodged a renewal of the licence and said this in the most recent rns: Chairman's Statement Chairman Mladen Ninkov commented, "The internal process of renewing the retention licence over the Salmon Gums Project has been completed and all the relevant documentation, including a revised JORC Statement in compliance with revised requirements, lodged. A new retention licence is expected to be issued in the near future. Otherwise, as the case has been for some significant time now, the directors continue to investigate, approach, evaluate and negotiate new projects and acquisition opportunities to revitalize the Company. Needless to say, for all the reasons outlined in previous communications, this is a monumental task when attractive assets are involved. The Company is determined to see this task completed to its successful conclusion." www.investegate.co.uk/spitfire-oil-limited--sro-/rns/half-year-report/201802200700033261F/ New licence issued 'in the near future'. Also, they are looking at adding other assets into the company also, although they've been saying that for a while. Paul Johnson owns 10% of the company and will be actively looking to increase shareholder value imo. Please do some research yourselves. Don't just take my word for anyt

Going blue before close ? Doesn't want to stay down does it !! Nai/DYOR

On no reported buys ? Hhhhmmmmm Nai/DYOR

Seller has gone imo. They brought it down from 3p. Shouldn't take much to get it back there. Couldn't buy at 2.2p yesterday but can now at 2p so might be seen as a bargain. Sheep mentality with CLNR, people sell people follow, people buy people follow. Nai/DYOR

www.ft.com/content/7b06365c-1d49-11e8-956a-43db76e69936 Nai/DYOR

A continuation of yesterday's rise hopefully ! Nai/DYOR

Riddler one of the top people to follow imo. Upside here is enormous even after a farm put as the NPV is £697m. Nai/DYOR

Cool, might buy a few more myself. What are the current limits ? Nai/DYOR

Which are your buys ? Earlier you couldn't buy any and could sell 1m. Nai/DYOR

www.offshoreenergytoday.com/cluff-opts-out-of-north-sea-license-deal-with-verus/ The option agreement included an option, at nil cost to Cluff, to acquire a 25% participating interest in License P2082 (Blocks 30/12c, 13c, 17e & 18c) which is located in the Central North Sea and contains the Skerryvore exploration prospect. The P2082 licence is definitely in the 30th licence round and the following on the skerryvore prospect : https://subseaworldnews.com/2014/09/24/parkmead-begins-site-survey-at-skerryvore-oil-prospect/ Could be 122m barrels of oil recoverable ! Nai/DYOR